Apple's coming music event speculated to promote new products

BEIJING, Aug. 26 (Xinhuanet) -- Apple Inc. is prepared to hold a music-themed event on Sept. 1, prompting speculation that the company may update its lineup of iPod digital music players and possibly unveil a new Apple TV product.

Since 2005 Apple has hosted an event in early September every year. The company has used the events to showcase new iPod models for the year-end spending spree.

The event this year will be held at the Yerba Buena Center for the Arts, San Francisco, where the company introduced its iPad in April.

"We believe Apple will hold a similar event this year to announce the first iPod touch with a camera, an updated Apple TV with an App Store, and iTunes changes, like a cloud-based iTunes service," analyst Gene Munster said in a note Wednesday

"Bringing the App Store to the Apple TV would add many new and meaningful features (like Netflix streaming, or video games, for example)," Munster said. "Other mediar indicated that Apple could offer TV show rentals for 0.99 U.S. dollars on the iTunes store, which we would view as a step forward for Apple TV."

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